Home Depot Launches $3B Repurchase
Atlanta, GA, December 14, 2006--Home Depot said its board of directors has authorized the immediate repurchase of $3 billion of outstanding shares through an accelerated share repurchase agreement.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Solutia To Extend and Increase DIP Financing
St. Louis, MO, December 15, 2006--Solutia Inc. said it has received a fully underwritten commitment for $1.075 billion of debtor-in-possession (DIP) financing, maturing March 31, 2008.
Shaw to Update Hard Surface Lines in 2007
Dalton, GA, December 15, 2006--Shaw’s Hard Surface division will be enhancing its product line in 2007 with a host of new laminate, hardwood and ceramic styles.
November Retail Sales Up 1%
Washington, DC, December 13, 2006--Retail sales increased by 1% in November, the largest gain since July, according to a Commerce Department report.
C&A Meets Energy Policy Goals
Dalton, GA, December 11, 2006--C&A Floorcoverings, a Tandus company, said it’s meeting the goals of the Energy Policy Act of 2005 by replacing diesel used in its commercial boilers with 100% biodiesel, a renewable energy source manufactured by Soymet, LLC
Al Frink Resigns Commerce Department Post
Washington, DC, December 7, 2006--Commerce Secretary Carlos Gutierrez today said that Assistant Secretary for Manufacturing and Services Al Frink, the first to hold that position, will resign his office effective January 31, 2007.
3Q Productivity Revised Up
Washington, DC, December 5, 2006--Inflationary pressures stemming from higher wages are not building as fast as previously thought, Labor Department data released Tuesday show.
Pending Home Sales Off 1.7% in October
Washington, DC, December 4, 2006-- The pending home sales index fell 1.7% in October after a 1.1% drop in September, according to the National Association of Realtors.
Manufacturing Segment Fails to Grow in November
Tempe, AZ, December 1, 2006--Economic activity in the manufacturing sector failed to grow in November for the first time following 41 consecutive months of growth, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Tandus Ends Bridger's Executive Employment
Dalton, GA, December 1, 2006--Tandus Group, Inc., the sole shareholder of Collins & Aikman Floorcoverings, Inc., said today that the board of directors of each entity has accepted the resignation of Edgar M. Bridger as president and chief executive office